Wall Street erodes gains as Dow slips after record rally
A brisk selling session trimmed the Dow Jones Industrial Average to 874.90, down 16.27, with 121.65 million shares traded. The market saw heavy volume and mixed breadth as profit taking followed a record rally, while the NASDAQ and Amex indices rose modestly and several high profile issues moved on heavy blocks.
MENTIONED IN THIS ARTICLE
New York
UPI
Wall Street
New York Stock Exchange
Chester Pado
G. Tsai & Co
Los Angeles
Standard & Poor
NYSE
National Mortgage
Sears, Roebuck and Co
Sony Corp
Tokyo Stock Exchange
Sony
Kazuo Iwama
Tokyo
IBM
American Telephone & Tele
Bankers Trust sues Mount Pleasant bank partners
Bankers Trust Co. of Des Moines sues eight partners in the Mount Pleasant bank group in Polk County district court. It seeks 2,916,933 plus interest loaned Sept 29 to acquire Mount Pleasant Bank and Trust Co., which failed after nearly 2 million in loans were written off. Hawk Eye Bancorporation later bought the bank and renamed Hawkeye Bank and Trust of Mount Pleasant.
MENTIONED IN THIS ARTICLE
Des Moines
UPI
Mount Pleasant Bank
Polk County
Bankers Trust Co
Bankers Trust
Mount Pleasant Bank and Trust Co
Hawkeye Bancorporation
Hawkeye Bank and Trust of
Mount Pleasant
Judge signs AT&T antitrust settlement
U.S. District Judge Harold Greene formally approves the settlement ending the Justice Department case against American Telephone & Telegraph Co. The agreement requires the Bell System to spin off 22 local operating companies and allows entry into new fields like computers. The 1974 suit is dismissed.
MENTIONED IN THIS ARTICLE
Graph
DJIA
Harold Greene
Justice Department
At&t
Cities Service
Occidental Petroleum
General Motors
Ford
Chrysler
Maytag
Amex
Dome Petroleum
Wang Laboratories
Washington
UPI
American Telephone & Telegraph Co
U.S
Bell System
Gold tops $400 mark on world markets
Gold trades above 400 an ounce in London and New York with gains trimmed by profit taking. Silver falls from Monday's level as Comex and European prices shift. analysts cite lower U.S. rates contributing to the recent rise.
MENTIONED IN THIS ARTICLE
London
New York
Zurich
New York Commodity Exchange
Comex
U.S
August 1982 Auto Sales Slump Across Big Three
UPI reports mid August car sales fell 35 percent from 1981 levels with the five major U.S. automakers totaling 131,956 in Aug 11 20 period. GM led declines at 39.5 percent, Ford down 7.5 percent for year, Chrysler down 30 percent mid month, with incentives and rate cuts aimed at spurring demand.
MENTIONED IN THIS ARTICLE
Detroit
UPI
U.S
Ford Motor Co
General Motors Corp
Ford
Jerry Sloan
Chrysler
Harnischfeger reports quarterly loss amid sales drop
Milwaukee based Harnischfeger Corp shows a 13.9 million loss for the quarter ended July 31 with revenue down to 95.8 million from 168.9 million a year earlier. Chairman Henry Harnischfeger cites declines in construction equipment and mining demand and notes operations at a third capacity while debt agreements suspend dividends through next April.
MENTIONED IN THIS ARTICLE
Milwaukee
Harnischfeger Corp
Henry Harnischfeger
Mexico to up oil shipments to the United States
Mexico plans to raise its petroleum exports to the United States by up to 20 percent. Petroleos Mexicanos spokesman Hero Rodriguez said daily shipments will climb from 700,000 to 840,000 barrels by September 1983 in four steps. The increase aims to fill the U S strategic petroleum reserve amid Mexico's foreign debt crisis.
MENTIONED IN THIS ARTICLE
Mexico City
UPI
Mexico
America
United States
Hero Rodriguez
Petroleos Mexicanos
Saudi Arabia
Washington
U.S
Also Mentioned on This Page
National Association of Securities Dealers
Treasury
American Stock Exchange
Federal
At&t Pact
Greene
United Press International
American Motors Corp
Volkswagen of America
Harnischfeger
Curtice-Burns
Rochester
N.Y
Curtice-Burns Inc
National Oats
Val
Judd
United
Cash Equivalent Fund, Inc
Money Market Fund, Inc
Securities Corporation of Iowa
Second Avenue South East
Cedar Rapids
Iowa
Juddana
United Feature Syndicate, Inc
Hai
Wr Co
Ror
Uncle Sam
Iowa City
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!